Dubai non-oil trade up 28%

DUBAI — Dubai’s non-oil trade hit the highest record in five years in January, with over Dh55 billion against Dh43 billion recorded in the same period last year, indicating a 28 per cent increase. Dubai Customs’ statistics shows that Dubai has maintained regular average growth in trade with the world at 19 per cent which clearly indicates the return of the ascending growth in the external trade.

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Published: Mon 18 Apr 2011, 11:56 PM

Last updated: Tue 7 Apr 2015, 3:33 AM

Ahmed Butti, the Executive Chairman of Ports, Customs and Free Zone Corporation, said the increase indicates the presence of a score of opportunities for businesses in Dubai which benefited from the emirate’s sophisticated infrastructure, facilitation, legislation and laws that ensure competitive market and equal opportunities for all. “The incessant system upgrading and modernisation projects undertaken by Dubai Customs have heavily contributed to facilitating legitimate trade movement between Dubai and its partners around the world, fostering Dubai status as a major hub for transcontinental trade between West and East.”

The trade growth in January was most noticeable in export operation which increased by 35 per cent, or more than Dh6.6 billion compared to Dh4.9 billion in the same period last year. Likewise, re-exporting did increase by 31 per cent, or Dh13.7 billion compared to Dh10.5 billion in the same period last year.Butti, who is also Director-General of Dubai Customs, attributed the growth to the logistic services being rendered, along with Dubai strategic location, advanced customs systems, expansion in maritime activities and Dubai’s potency in supporting legitimate trade and prevention of restricted goods.

“With 26 per cent increase, imports took the lead in Dubai non-oil trade in January with 63 per cent totalling Dh35 billion against Dh27.8 billion over the same period last year.”Meanwhile, India remains the biggest country in terms of non-oil trade with Dubai in all export, import, and re-export operations. “The total value of trade exchanges between the two countries hit Dh15.8 billion in January, or 29 per cent of Dubai’s total trade exchange with the world,” he said.China and UK came second and third consecutively with imports up to nearly Dh4 billion for China and Dh3 billion for the UK. “Singapore, however, came second in the list of the exporting countries to Dubai with Dh566 million followed by Thailand with Dh359 million,” Butti added.

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